2-bed · 1,369 sqftArtesia Tower B, Damac Hills · completed 2021

B-409, Artesia Tower B

Sold prices and rental history: sold twice, last in February 2024, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B-409 · DLD and Ejari recordsUpdated 5 February 2024
Last soldAED 1.4M5 February 2024
Current rentAED 106K /yr16 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B-409, Artesia Tower B

What is B-409 worth today?

Last sold for AED 1,400,000 in 2024

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5 Feb 2024SoldReady
AED 1,400,000AED 1,022 per sqft
16 Nov 2023RentedNew contract
AED 106,000/yr12 months · AED 77 per sqft
23 Aug 2022Sold by developerReady
AED 1,557,000AED 1,137 per sqft

Source: Dubai Land Department. Updated 5 February 2024.

Key facts

Type
2-bed apartment
Size
1,369 sqft
Parking
P2-289
Developer
DAMAC
Completed
2021
Service charge
AED 30,100 /yr
Last sold
AED 1.4M · February 2024

About B-409, Artesia Tower B

B-409 is a two-bedroom apartment of 1,369 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. It last sold on 5 February 2024 for AED 1,400,000, or AED 1,022 per sqft, 4% above the AED 978 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 November 2023. The current contract, signed on 16 November 2023, is AED 106,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 30,100 a year.

Sales and rents for B-409 over time

Sales
Unit B-409, each saleTypical two-bed in Artesia Tower B
1.5M2014201820222026Typical sale price by year: 2014 AED 1,824,233; 2019 AED 1,644,000; 2020 AED 1,155,555; 2021 AED 1,429,000; 2022 AED 1,344,000; 2023 AED 1,250,000; 2024 AED 1,475,000; 2025 AED 1,600,000; 2026 AED 1,527,500Sold by developer, August 2022: AED 1,557,000 (AED 1,137 per sqft)Sold, February 2024: AED 1,400,000 (AED 1,022 per sqft)

B-409 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit B-409, each contractTypical two-bed in Artesia Tower B
100K120K2021202320252027Typical rent by year: 2021 AED 95,000; 2022 AED 90,000; 2023 AED 105,000; 2024 AED 119,839; 2025 AED 115,000; 2026 AED 100,000New contract, November 2023: AED 106,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Artesia Tower B, and where B-409 sits

All 58 2-beds →

B-409 last sold in February 2024 at AED 1,022 per sqft, 4% above what two-beds in Artesia Tower B were fetching at the time (AED 978). Over the last 12 months two-beds sold for AED 1,350,000 to 1,680,000, around AED 1,169 per sqft, and rent for AED 90,000 to 138,000 a year. B-409's AED 106,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20261,500,000
8 Sep 20261,555,000
2 Jul 20261,350,000
27 Feb 20261,680,000
5 2-bed sales in the last 12 months

Artesia Tower B

Building

30 apartments, studios to 3-bed over 23 floors in Damac Hills, completed in 2021 by DAMAC. 14 sold in the last 12 months.

Typical price per sqft
AED 1,201 Level
Typical sale
AED 1.05M
Typical rent
AED 70K /yr
Typical yield
7.6%
Artesia Tower B, Damac Hills: prices, sales and rents →

B-409, Artesia Tower B in numbers

  • Sold twice: first on 23 August 2022 for AED 1,557,000, last on 5 February 2024 for AED 1,400,000 (AED 1,022 per sqft).
  • Rented since November 2023 on one Ejari contract, at AED 106,000 a year.
  • At AED 106,000 a year the gross yield on the 2024 price is 7.6%, before a service charge of about AED 30,100 a year (AED 21.96 per sqft).
  • Two-beds in Artesia Tower B sold for AED 1,350,000–1,680,000 in the 12 months to November 2026; the building's median across all types is AED 1,201 per sqft.

Source: Dubai Land Department. Updated 5 February 2024.

Questions about B-409, Artesia Tower B

What did unit B-409 last sell for?

AED 1,400,000 on 5 February 2024: AED 1,022 per sqft for 1,369 sqft. The unit has 2 registered sales; the first was AED 1,557,000 in August 2022.

What is the rent for unit B-409?

AED 106,000 a year on the contract signed on 16 November 2023.

How big is unit B-409?

1,369 sqft (127.2 sqm): a two-bedroom apartment of a 23-storey tower completed in 2021.

What is unit B-409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Artesia Tower B sold for AED 1,350,000 to 1,680,000 in the last 12 months, around AED 1,169 per sqft.

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Mortgage on B-409, Artesia Tower B

Starts from the last sale price (AED 1.4M, 5 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →